10:45 AM EST, 11/07/2024 (MT Newswires) -- FuelCell Energy ( FCEL ) said Thursday it will implement a one-for-30 reverse stock split to raise the bid price of its shares and regain compliance with Nasdaq's requirement for continued listing.

The shares are set to begin trading on a split-adjusted basis when the market opens on Nov. 11, the company said.

Shares of FuelCell were down more than 11% in recent trading.

Price: 0.31, Change: -0.04, Percent Change: -11.82